Regional labor market dynamics in Europe
AbstractThe paper investigates regional labour markets dynamics in Europe and compares the results to those obtained for the United States. It analyses to what extent regional employment dynamics are common to all regions in Europe and to all states in the United States. It finds that a higher proportion of movements in employment growth is common to all US states than to all EEC regions. Next, the paper studies the adjustment mechanisms that a typical region specific shock triggers. It shows that for Europe, for the first three years, most of the shock is absorbed by changes in the participation rate while, in the United States, it is immediately reflected in migration. Surprisingly, in both cases, the unemployment rate plays a small role, suggesting the presence of natural unemployment rates at the regional level.
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Bibliographic InfoArticle provided by Elsevier in its journal European Economic Review.
Volume (Year): 39 (1995)
Issue (Month): 9 (December)
Contact details of provider:
Web page: http://www.elsevier.com/locate/eer
Other versions of this item:
- F2 - International Economics - - International Factor Movements and International Business
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies
- R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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